Insights: Charles Proctor

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Brexit – The Divorce Bill

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On 1 January 1973, the United Kingdom acceded to the treaties constituting the European Communities.  Just over a year later, one of England’s greatest judges, Lord Denning, remarked that Community law “…is like an incoming tide. It flows into the estuaries and up the rivers. It cannot be held back…” The present state of EU/UK […]


Event: Brexit – Planning for the Unknown

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The UK Government finally delivered its Article 50 notice to the European Council on 29 March. The contents of that letter created much disagreement across the continent almost as soon as it was taken […]

Brexit: Take it or leave it?

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The contents of European treaties do not generally achieve public notoriety. But – after acrimonious parliamentary debates, Supreme Court challenges and yards of press coverage – everyone has now heard of Article 50 of the Lisbon Treaty. As part of a deal to secure Parliamentary approval to trigger the EU withdrawal process under Article 50, […]


“Brexit” means “Brexit”?

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On 17 January, the Prime Minister gave her long-awaited speech on the UK’s strategy for Brexit. It is fair to say that her comments received a mixed reception, both in the UK and the EU. The main point is that “soft” Brexit and continued UK  membership of the single market are now definitely off the […]


Fladgate advises on acquisition of London development site within Shari'ah structure

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Fladgate’s Funds, Finance and Regulatory (FFR) Group has recently advised a Bahraini bank on the £15m acquisition of a development site on the outskirts of London within a Shari’ah funded joint venture structure.  The team comprised Ella Leonard (funds partner), Philip Turner (real estate partner), Luke Morris (banking partner), Richard Kaufman (real estate partner), assisted […]


Brexit countdown – Don't bank on a passport

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Philip Hammond’s autumn statement earlier this week arguably could have been renamed the “autumnal statement” since the chancellor’s underlying tone suggested the UK is entering a period of gradual decline and slowdown. Does a Brexit Winter lie ahead? And if so, how can we prepare for it? Charles Proctor, a partner at City of London […]


Hard Brexit and the banking industry

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It is now clear that the United Kingdom is committed to Brexit, although the nature of any continuing relationship with the remainder of the EU remains to be negotiated. However, it seems unlikely that the current EU passporting system for the financial services industry will continue to apply to UK institutions, or to EU banks […]


Do you want a hard or soft-boiled Brexit?

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Charles Proctor explains how the UK could declare itself a free trade zone by ceasing to impose tariffs on imports immediately after its split from the European Union. UK politicians have spent the last few months arguing over the shape of a post-Brexit deal with the EU: will it be ‘hard’ or will it be […]


Brexit countdown – legal update as leave approaches

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Charles Proctor joins the commentary about the Brexit countdown in The Brief. Kiss tariffs goodbye As the most recent Nobel prize winner did not quite sing at Desert Trip in California last weekend: “It’s a hard, it’s a hard, it’s a hard Brexit gonna fall.” Indeed, writes Edward Fennell, there’s a good chance that the […]


Hard Brexit and UK Trade: A Bold Step?

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The recent Conservative Party Conference in Birmingham has served to reinforce expectations of a “hard Brexit” when the UK seeks to negotiate withdrawal arrangements with the other EU Member States. The discussions are likely to be difficult and protracted, with no guarantee of a satisfactory outcome. In view of that situation, Charles Proctor has been […]


BREXIT – where next?

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The outcome of last Thursday’s referendum on the UK’s membership of the European Union has sent shock waves through the UK, EU institutions, EU countries and the financial markets. It has also precipitated a leadership crisis in both of the major political parties. All of these developments were easily predictable. But the next stages are […]


BREXIT - where next for your business?

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Our March briefing on Brexit examined some of the “macro” issues arising from the Government’s renegotiated deal with the European Union. It also examined some of the options for a post-Brexit deal. With the referendum date now fast approaching, the attached briefing considers the implications of Brexit for selected business lines and the extent to […]